Capital gain tax

hiten (Querist) 11 April 2014 This query is : Resolved
I have sold a property in Sept 2013. I am interested in an under construction property the possession of which is in dec 2017. Would i be liable to pay capital gain tax if i pay the entire amount by Aug 2016. but the possession of which i will be getting in Dec 2017. Is the possession letter letter needed in 2016 ?

Follow Query

Report Abuse

Suhail A.Siddiqui (Expert) 11 April 2014
Since your question is providing incomplete information,You can use capital gain for / on under developed property to save tax if it is Long term capital Gain.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Browse by Category

Stay updated with latest Posts!